European Markets Rally Amid Mixed Economic Signals
European shares climbed as investors overlooked new U.S. tariff threats and responded to corporate earnings. The STOXX 600 rose by 0.3%, with notable gains in Germany and France. While Commerzbank exceeded profit expectations, Swiss and healthcare stocks faced pressure due to tariffs and market adjustments.
In a robust performance amid economic uncertainty, European shares extended their gains on Wednesday, with investors seemingly unfazed by the latest U.S. tariff threats and a batch of mixed corporate earnings.
The pan-European STOXX 600 index rose by 0.3% as of 0713 GMT, reaching its third consecutive session high post-its five-week low from the previous Friday. Germany's DAX and France's CAC 40 both showed strength, climbing 0.5% and 0.4%, respectively.
Commerzbank's shares surged almost 1% following its quarterly report, which exceeded profit expectations, prompting an uplift in its full-year outlook. Meanwhile, Siemens Energy also saw a slight increase of 1.2% after anticipating hitting the upper end of growth estimates by 2025. Swiss financial markets faced a slight drawback with the SMI index dipping 0.1% amid ongoing tariff negotiations with the U.S.
(With inputs from agencies.)
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